Four-Bedroom Detached Villa with Rental Potential in El Faro
€499,000
€2,851/m²
- 4
- Bedrooms
- 4
- Bathrooms
- 175 m²
- Interior
- Villa
- Type
- 31 Aug 2026
- Listed
The Habio take
This four-bedroom detached villa in El Faro, Mijas Costa, presents a unique investment opportunity as it has been divided into three independent rental units. Just a five-minute walk from the beach, the property combines immediate income with the potential for further enhancement and revenue growth.
- beach
- investment
- pool
- garden
- family
Highlights
- Divided into three independent rental units
- Two tenancies already established
- Walking distance to the beach
- Potential for renovation to increase rental value
- Private garden and communal swimming pool access
Worth knowing
- One unit currently tenanted until late 2028
- Need for renovation to maximise rental income
Good fit for: Ideal for investors looking for a multi-unit property with immediate and future rental income potential.
Lifestyle scores
- Beach
- 80
- Walkable
- 70
- Remote work
- 50
- Family
- 60
- Retirement
- 70
- Airport access
- 60
- Investment
- 75
- Luxury
- 55
- Value
- 65
About this place
This villa offers a prime rental investment opportunity in the desirable area of El Faro, Mijas Costa. Divided into three independent units, it caters well to your rental income aspirations. The ground floor hosts two self-contained one-bedroom apartments, each featuring a living room, kitchen, bathroom, and private garden. One apartment is currently vacant, allowing for immediate rental potential, while the second unit is tenanted until 29 October 2029, ensuring a steady income stream from the outset.
On the upper floor, a spacious two-bedroom apartment includes an open office area that could be converted into a third bedroom if desired. This unit offers generous living space, two bathrooms, a separate kitchen, and a private roof terrace with garden access. It is also let until October 2028, contributing to your ongoing rental income. Options for negotiating an earlier exit from the tenancy are available as well.
Set on a 461m² plot, the property has potential for significant value-add through renovation and upgrades, which would enhance tenant appeal and increase rental yields. The villa additionally grants access to a communal swimming pool and is conveniently located within walking distance of local amenities and transport links—ideal for attracting tenants.
What this place offers
- swimming pool
- garden
Where you’ll be
Mijas Costa, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
